Country Report The Gambia. The Gambia's Investment Law Regime

Fadamos Singateh

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Master's Thesis from the year 2023 in the subject Law - Miscellaneous, grade: 16, Saarland University (Europa Institut), course: ...

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Master's Thesis from the year 2023 in the subject Law - Miscellaneous, grade: 16, Saarland University (Europa Institut), course: Europäisches und Internationales Recht, language: English, abstract: The thesis aims at giving a country report of The Gambia, starting by presenting the country's historical, cultural and legal background. Then its social, political and economic situation will be touched upon and the country's FDI regime and investment law in general will be laid out. The areas in which FDI could be attracted, how this is done and could be improved will be discussed as well as the promotion and protection of investment, the expropriation and compensation and the dispute settlement of investment related matters. It will finally lay out the international and bilateral treaties the country has signed in the realm of investment, evaluate the different aspects and give recommendations for the future. In a globalized world international investment as well as investment treaties gain more importance. Investment laws have as their function investment promotion, sustainable development and legal certainty for domestic and foreign investors. Especially in less developed countries like The Gambia, which were held down mostly due to political reasons and mismanagement, it seems that a time to attract more Foreign Direct Investment (FDI) and develop a more competitive economy has come. The Gambian people elected a new president in 2017 and the former 'Jammeh' regime having lasted for 22 years came to an end. Thus, with the new government common practices like unlawful expropriation seized to exist and it even enacted a Truth, Reconciliation and Reparations Commission (TRRC) to respond to the needs of victims under the former regime and to promote healing and reconciliation. It also introduced a vision and strategic plan to enhance the Gambia's economy further, the National Development Plan (NDP). The NDP has been aiming at delivering good governance, social cohesion and a transformed economy for the wellbeing of all Gambians.